Wynnefield Group Sends Proxy Materials to TechPrecision
The Wynnefield Group is pushing for change at TechPrecision Corporation, sending definitive proxy materials to stockholders. They want to hold the Board accountable for a history of poor operating results, performance, and costly strategic missteps.
Wynnefield Partners Small Cap Value, L.P. I and its affiliates, along with Robert D. Straus, collectively own around 7% of TechPrecision Corporation’s outstanding common stock. They’ve filed a definitive proxy statement with the SEC and are urging stockholders to vote for their two highly qualified director nominees.
In addition to the proxy materials, Wynnefield Group has released an investor presentation outlining why change is needed and why their director nominees are the right choice for TechPrecision stockholders.
With TechPrecision recently missing a Nasdaq Listing Rule deadline due to a late SEC filing, Wynnefield Group is raising concerns about the Company’s ability to meet its obligations. TechPrecision’s history of missing filing deadlines and doubts about its ability to continue as a going concern highlight serious issues that need to be addressed.
Stockholders with multiple accounts holding TechPrecision shares are encouraged to vote with each BLUE voting form they receive to ensure all shares are accounted for.
For assistance with voting or questions, stockholders can contact Saratoga Proxy Consulting LLC. Updates can also be found at www.RebuildTPCSCredibility.com.
Source: Wynnefield Capital
